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  • ethereum-hash-rate-scores-new-ath-as-pos-migration-underway
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    Ethereum hash rate scores new ATH as PoS migration underway

    The hash rate surpassed 1.11 PH/s for the first time ever, breaking the previous high of 1.08 PH/s set on Jan. 13. Over the previous year, Ether (ETH) has increased in value to the point that it significantly outperformed Bitcoin (BTC) in terms of returns. The rise of Ethereum has made mining on its network… More

  • chinese-crypto-miner-bit-mining-‘unlikely’-to-flee-kazakhstan:-report
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    Chinese crypto miner BIT Mining ‘unlikely’ to flee Kazakhstan: Report

    The crypto community reportedly expects Kazakhstan’s internet and mining industry to have returned to normal by next Monday. Despite major internet blackouts amid anti-government protests in Kazakhstan, some Bitcoin (BTC) miners operating in the country are not planning to leave the country just yet.BIT Mining, one of the largest BTC mining companies that relocated operations from… More

  • bitcoin-network-turns-13,-celebrates-with-new-hash-rate-all-time-high
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    Bitcoin network turns 13, celebrates with new hash rate all-time high

    The Bitcoin network underwent a six-month-long rally to attain a new all-time high hash rate of 207.53 exahashes per second on Saturday. Monday marks the 13th year since Bitcoin’s creator, Satoshi Nakamoto, mined the genesis block, or block 0, of the Bitcoin network and, for the first time, mined a reward of 50 Bitcoin (BTC) back… More

  • hackers-can-use-compromised-google-cloud-accounts-to-install-mining-software-in-under-30-seconds:-report
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    Hackers can use compromised Google Cloud accounts to install mining software in under 30 seconds: Report

    The report said the actors usually gained access to Cloud accounts because of “poor customer security practices” or “vulnerable third-party software.” In a report aimed at assessing threats to Cloud users, Google’s Cybersecurity Action Team said that some attackers are exploiting “poorly configured” accounts to mine cryptocurrency.On Wednesday, the Google team said out of 50… More

  • china-warns-state-owned-enterprises-to-cease-involvement-in-bitcoin-mining
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    China warns state-owned enterprises to cease involvement in Bitcoin mining

    China is considering imposing harsh penalties on state-owned firms that continue mining cryptocurrencies. China is pressuring its own state-owned businesses to cease mining cryptocurrencies, and the government is considering harsh penalties on firms that continue, including higher energy expenses.According to reports, Meng Wei, a spokesperson for the National Development and Reform Commission (NDRC), said at a… More

  • altcoin-roundup:-3-proof-of-work-protocols-focused-on-building-web-3.0
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    Altcoin Roundup: 3 Proof-of-work protocols focused on building Web 3.0

    Proof-of-work models are evolving to support the growth of Web 3.0. Here’s 3 projects that offer miners substantial rewards for supporting the network. The proof-of-work (PoW) consensus model is the mechanism that kicked off the revolution that launched Bitcoin (BTC) in 2009 and it was the model of choice behind many of the popular projects… More

  • kazakhstan-senate-approves-legislation-regulating-crypto-service-providers
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    Kazakhstan Senate approves legislation regulating crypto service providers

    The country’s legislature has passed a law that would impose financial monitoring on crypto platforms. According to new legislation passed by the upper house of the country’s national parliament on Monday, crypto businesses in Kazakhstan may soon be subjected to Anti-Money Laundering (AML) regulations, as reported by local news outlet Vlast. The new law extends the country’s… More

  • ex-wall-street-execs-lead-new-bitcoin-mining-firm-as-us-hash-rate-soars
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    Ex-Wall Street execs lead new Bitcoin mining firm as US hash rate soars

    PrimeBlock’s CEO was involved in the $98 billion direct listing for Coinbase that Goldman Sachs was leading. Prime Blockchain (PrimeBlock), a new cryptocurrency mining company in the United States, is hiring its inaugural management team after starting to mine Bitcoin (BTC) in September.PrimeBlock told Cointelegraph on Thursday that it appointed Goldman Sachs veteran Gaurav Budhrani… More

  • bitmain-stops-shipment-of-antminer-crypto-mining-rigs-into-china
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    Bitmain stops shipment of Antminer crypto mining rigs into China

    Bitmain plans to identify green energy mining opportunities from power generation projects in Chinese provinces. Bitmain, a Chinese manufacturer of cryptocurrency mining equipment, has been forced to stop its business in China from Oct. 11 following the crypto ban imposed by local authorities.In addition to China’s blanket ban on crypto operations, the company has attributed… More

  • tehran-stock-exchange-ceo-resigns-following-discovery-of-bitcoin-miners-in-basement
    in ,

    Tehran Stock Exchange CEO resigns following discovery of Bitcoin miners in basement

    Iranian authorities have conducted many raids on crypto miners in abandoned factories, homes, and small businesses — nothing quite as high profile as the country’s largest stock exchange. Ali Sahraee, the chief executive officer of the Tehran Stock Exchange since 2018, has reportedly resigned after the discovery of cryptocurrency mining rigs in the building.According to… More

  • another-ethereum-mining-pool-forced-to-close-due-to-china-crackdown
    in ,

    Another Ethereum mining pool forced to close due to China crackdown

    BeePool, the fourth-largest Ethereum mining pool will shut down operations following Beijing’s anti-crypto posture. BeePool, the fourth-largest Ether (ETH) mining pool, is closing amid China’s crypto crackdown.The China-based Ether mining pool announced on Tuesday it would suspend operations “in response to the latest regulatory policies.”Effective immediately, the registration of new users and the addition of… More

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